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  1. The Sherman Anti-Trust Act and the American  view of monopolies needs to be examined  in the study of white collar crime.  However we must ask ourselves, is a monopoly a criminal act?  How often do we view a monopoly, if ever, in the same way as we look upon a bank robbery for example?
  2. Whenever a monopoly exists there is no competition.  What are the effects of a lack of competition?  The answers range from shoddy workmanship, to a limited range of products, lack of innovation, high prices, poor service, etc.
  3. So is there a time when a monopoly is better than competition?   How about water service?  Municipal customers are forced to purchase their water from only one source without any competition?  What about natural gas?
  4. In sum, are monopolies simply a component of free market capitalism, or are they equal to a criminal enterprise?
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Solution Preview

Let us examine the actions of Standard Oil, which we all now know as Exxon Mobil, Sunoco, Texaco, and Chevron.  At one time Standard Oil was the largest oil company in the United States.  Standard Oil could charge whatever amount they wished for oil and gasoline, withhold selling oil and gas where they wanted, or flood 

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